Carnival Corp. has cut its 2013 earnings outlook for the second time, reflecting the fallout from bad publicity surrounding the Carnival Triumph engine-room fire and stranding at sea.
Lower ticket prices since the mid-February incident has pushed booking volume higher but has resulted in lower-than-anticipated net revenue yields.
Carnival now expects yields to fall 2-3% this year; previously it forecast yields flat with 2012.
For all of 2013, Carnival now expects to earn between $1.1 billion and $1.3 billion, down from prior guidance of $1.4 billion to $1.6 billion issued in March.
At the start of the year, Carnival had expected earnings between $1.7 billion and $1.9 billion.
Carnival said that since it last issued guidance it has canceled more cruises. That, along with higher marketing costs, will reduce earnings by an additional $78 million this year.
Carnival earned $1.5 billion last year, when the Costa Concordia sinking hurt its results. In 2011, it earned $1.9 billion.Follow Tom Stieghorst on Twitter @tstravelweekly.